This TIPA problem-solving proposal is Cost-of-Living related.
This proposal partially addresses the Trillion-Dollar Student Loan Debt problem. There is a movement of sorts being considered that would write-off all of that debt. However, who knows if that will happen any time soon.
I have what I believe is a practical approach to lessening the personal financial hardships that the related debt burden is putting people and households across our nation.
The Banks will be “instructed” by the Federal government and “yours truly” to automatically reset all existing loans. That reset will reduce the student’s existing monthly loan payment by fifty-percent (50%). And extend the debt term as long into the fuyutre as necessary.
This will not be difficult for the Banks to do. I know this because I was in the IT Industry for 30-odd and I know how fast such modifications can be accomplished. This will not be voluntary on the Bank’s part. There it is…
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